I just tried google goggles on this image, and the result was Yosemite National Park... Did it get it right?? :)
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7wpApr 15 '11 at 17:37

I wonder if this uses some geographic information from your phone's location to "help it out"?
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rfuscaApr 15 '11 at 17:44

+1 Cool answer! I have tried google goggles but was a bit disappointed, then again, I took a photo of the Schrödinger equation... If this works out, that would be mighty useful!
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BBischofApr 15 '11 at 17:45

If the photo was geotagged, then at least you can find out where it was taken. That might be enough to help you identify the subject. (In this case, it almost certainly would, as it's a landscape shot).

Some cameras have GPS/geotagging built-in. Some can do it with an add-on module. If you have synchronized clocks and a standalone GPS, you can get software to match up your photos with your track, and apply geotags in post-production.